Видео

Yes because he wants to take over the company and no it is not a great oil company. And no is not a good dividend paying business

Rest in peace Mr. Munger. Thank you.

Excellent…thank you 🙏🏼♥️

Hello, I am just wondering which year of Berkshire's AGM was this clip taken from?

0:40, say that again?

Probably because stupid folks R rich.

Too much mincing of words.

I'm a plumber making over $100k a year, and I've never invested before but do have a substantial cash saving. I'm thinking about starting a Solo 401(k), but I'm stuck on what to invest in. I've watched a lot of beginner videos, but I still don't know the best way to start. Any real-life advice or tips would be really helpful.

What he is talking about is not real intelligent people. He is talking about those who have learned a couple of things about probability and keep parroting that nonsense or crunching Python backtests as if they could really apply to the reality of mkt 🙂. Also, capital is the foundation of all. You can be as conservative as you want and even more than WB, but if you lack adequate capital, mkt will wipe you out anyway. 🙂

BS in today's greedy steal street context... the reason why the few are rich and most are poor is just luck. That's it.

As long as Warren Buffets exist, people will be poor and get poorer. These rich folks have turned into feudals of production and don't contribute anything. Profit is gone and replaced with stock watering, monopolies rule economy, hidden behind anti-monopoly legislation. Keep on educating professional idiots (smart people) to serve monopolies 😉

Math is only a predictable estimate, but nature is chaos and random, math needs to be readjusted constantly to account for what happens. It can’t predict the future

Sir, can you precisely tell how much political influence is required to multiply billions every year? Hope and know every one can not get that advantage of political influence to multiply his penny's.

When was this conference?

Rambling

the whole economic system does not support the smart guys who are not narcissistic, whose purpose in life is not to become rich but to find ways to improve the lives of many. In a perfect world a neurologist who cares about patients with neurodegeneratives disorders would earn more than a football player... Yes i know the marketing rules... but i think that our economy is primitive. Think about hedge fund managers... They are often Asperger mathematicians...They could use their knowledge to help humankind to tackle many issues (diseases, climate problems, energy sources...) but they use their knowledge to leverage money created by thin air... We should try to solve many problems as an "intelligent specie"... but maybe we are not so clever and we are still primitive in our emotions and behaviour.

Your statement is incorrect. Rich people get only richer. The rest doesn't matter. I am assured that in your statement, you have clearly indicated that you do not belong in that 1 % amongst the best who rule this world ~ financially !! I don't like to teach dumb people. So, I've got to go ! Adios! Rosalinda 🤠 ...

Smart people are poor because they still don't have the money printing machine which Warren Buffett has. Smart people think money is earned by working hard & smart.

Timely recommendation from YT. Need to keep reminding ourselves of these learnings despite this extremely bullish market in India

Well done sir!

- มั่วแต่คิด ไม่ทำ และ mechanism ทำเงิน ไม่ใช่การคิด แจกความคิดฟรี - รูปแบบรายได้ ที่เขาไม่เข้าใจ

Intelligent people are poor, smart people are rich...😮

Because they weren’t that smart they were just pretending to be smart

S&P500 beat buffet the last 2 decades. He hates tech and Crypto and they're out of touch

how could 2 buy more than 50% of the stock each in case of Northern Pacific?

I don't want to be rich.... I want to be happy...and the guy beside Buffet is not happy he lives in anxiety (to say the least) look how he moves constantly his head even though the audience is the same.

Why does it have incorrectly transcribed subtitles? And why are they hardcoded, so I can't turn them off. Whoever uploaded this is a moron.

I am dumb people and at the same time poor

Finally I feel seen.

Super Genius

Both these guys are shit ass poor in the regards to the basic premise of humanity. We all breathe the same breath and our only purpose in this life is to help others. Not play a game that denies others in the pursuit of hoarding a non real commodity

they should have mentioned black swans. some things have statistically zero probabilities, until they don't. however, even epidemics, GMOs, CRISPR and wars in ukraine don't have zero probabilities, but they can certainly upend markets, in good ways and in bad ways.

I am happy I am not that smart.. What we need to know? Bitcoin and Today NVDA 33.07B AT 5:00pm report results, implied a move -/+8.4% 🤪

yeah cause markets aren't always rational. its like those lads with economic degrees or years in big tech who critisize crypto, they have no idea what they're talking about

Buffet is a terrible advisor for the average Joe investor

Does God have money?

It’s all numbers money it’s all numbers just like a wet dream

“We’re never going to risk what we have and need for what we dont have and dont need.” Thank you Warren. RIP Charlie.

Not that analytics are bad, but analytical people have a natural bias towards measuring what can be measured and avoiding thinking about that which cannot.

Listening to these old farts talk in circles about none sense, reminds me of inherited wealth and children who never grew up or learned anything other than fibbing.

Buffett is referring to smart people with money becoming poor. Of course, smart people in other non financial fields might end up finding revealing things that the people with money (and power) don't want revealed, so they end in jail without means.

Being "poor" relates to various aspects of life, yet, when many people hear the word poor, money seems to be at the top of their list of assumptions.

Warren makes a good point. If you can calculate risk it isn't risk. Life only obeys probabilities in the aggregate. Things don't go bad very far very often but it certainly happens. Mathematics can't predict the future.

Charlie is gone

What is from? I have seen several clips now that all appear to be from this same convention and interview. I would like to Simply watch the entire thing from beginning to end

if smart people are poor, then Warren Buffet is not rich, ....or not smart?

Even this grandfathers involved in brainwashing of all humans „ smart =poor“.Never believe in this sh..,be smart and your way is brighter to get easier wealthy .

Statistical methods and modelling have their place in business, but they can’t and don’t predict rare and catastrophic market events. Fundamentally they ignore the possibility of outliers and drive analysts to judge the possible “regular” deviations from the historical mean. In effect they judge market uncertainty and volatility rather than risk.

They aren't born into multimillionaire's families deeply entrenched in politics and don't have any insider trading information, maybe?

My interpretation: "you can't smash the realistic, analog world into your binary computer model. In economics there's more than fifty shades of grey."